0 Forest Dr Jonesborough, TN 37659
This exceptional 3.89-acre commercial land parcel presents a unique investment opportunity in Jonesborough, Tennessee. Located within the bustling Food City shopping center, this rectangular lot boasts over 950 feet of frontage on Forest Drive, offering significant visibility and accessibility. Its strategic position near an office building and storage facilities, coupled with its proximity to the high-traffic intersection of Boones Creek Road and Jonesborough Highway, ensures substantial exposure to a large customer base. The property, identified as Tract 4, is zoned B-3 and benefits from readily available public utilities, including gas, electric, and water. Its shape and size make it ideal for a variety of commercial developments. The seller is open to subdividing the property, providing flexibility for potential buyers. The asking price is $399,000, representing a land value of $141,388 per acre. The property's APN is 090 052 09506 000 2020. This prime location in a thriving retail and restaurant area makes this an exceptional opportunity for investors seeking high-impact commercial development in Jonesborough, TN. The property is located at Forest Dr, Jonesborough, TN 37659.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.